Recently, Walmart announced plans to increase the starting wage rate for
all hourly associates in the U.S. to $11, expand maternity and parental
leave benefits and provide a one-time cash bonus for eligible associates
of up to $1,000. The company is also creating a new benefit to assist
associates with adoption expenses. The combined wage and benefit changes
will benefit the company’s more than one million U.S. hourly associates, including
more than 34,700 Walmart associates in Pennsylvania.

“We are building on investments we’ve been making in associates, in
their wages and skills development,” said Doug McMillon, Walmart
president and CEO. “It’s our people who make the difference and we
appreciate how they work hard to make every day easier for busy
families.”

Associates will continue to hear more from their managers in the coming
days about details. But, broadly, associates in the U.S. are receiving
the following benefits:

“Every day, more than 53,000 Walmart associates call the Commonwealth
home and choose to raise their families and build their lives here,”
said PA Chamber of Business and Industry President and CEO Gene Barr.
“The company’s investment of expected tax reform dollars in the form of
pay increases and expanded parental leave benefits for these workers is
proof that the Tax Cuts & Jobs Act is positively impacting the lives of
Pennsylvanians. This financial commitment shows that everyone does
better when the free market – not government mandates – are dictating
important matters like employee wages, and we are glad to see it.”

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores, online,
and through their mobile devices. The company’s legal name will become
Walmart Inc., effective on Feb. 1, 2018, to reflect its growing status
as an omni-channel retailer. Each week, over 260 million customers and
members visit our more than 11,600 stores under nearly 60 banners in 28
countries and eCommerce websites. With fiscal year 2017 revenue of
$485.9 billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
Walmart can be found by visiting http://corporate.walmart.com,
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180123005573/en/

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